No Credit Check Loans? Apply for Bad Credit Loans Up To $5,000

What are no credit check loans?

Some payday loan lenders offer no credit check loans. If you’ve got a bad credit score, this may appear to be a perfect solution for you. However, loans with no credit check have a history of being offered by lower-tier lenders who may not be considered reputable. Here at Nifty, we pride ourselves on being a responsible lender. We offer bad credit personal loans up to $10,000 with flexible loan terms up to 24 months.

Things to consider with a no credit check loan

If you have bad credit, seeing that a lender offers ‘no credit check loans’ may entice you to apply if you think this will increase your chances of having your loan approved. However, unreputable lenders, higher interest rates, and required collateral can be some of the pitfalls that come with no credit check loans. With a Nifty bad credit personal loan, you can be assured you’re borrowing from a responsible lender and offered competitive rates.

Eligibility criteria:
  • Be at least 18 years old
  • Be an Australian citizen or permanent resident
  • Have had a consistent income for the last 90-days
  • Have an Internet banking account
  • Have an active email address and mobile phone number
Required documentation
  • Personal info (name, address, DOB)
  • Contact details
  • Online banking details
  • The reason for your loan

Ready to apply?

You can apply for up to $10,000
within minutes!

Alternatives to no credit check loans

credit card can be a good option for an emergency expense. Credit cards give you the option to make payments without the cash readily available in your account at the time, for you to pay back at a future date (usually within the month). A credit card can also allow you to build your credit score if you make due repayments on time. If you are only using your credit card for an expense you can reasonably pay back within the month, this may be a better option for you.

A bad credit personal loan is another option for your consideration. These are a popular loan option among people with poor credit scores. The lender will look at other aspects of your finances, including bank statements, to reasonably decide whether you can afford to take out a loan for your desired amount. This allows you flexibility in how much you borrow and clearly sets out how much you will need to pay back over a specified period of time.

Our Happy Customers

Frequently Asked

What’s involved in a credit check?

For those who are unsure, a credit check can be summarised as a report card for an individual’s credit history. Everything from credit enquiries to bankruptcies may be seen on a single report. This allows other lenders to view the customer’s previous financial history and get an idea of their current situation. When an enquiry is conducted, it shows:

  • The date of the application
  • The credit provider
  • The amount requested
  • The loan type e.g. credit card, personal loan, or mortgage
  • Whether you are a sole or joint borrower
Does Nifty offer loans with no credit check?

As a responsible lender, we have to make reasonable enquiries to ensure the suitability of a loan product. In line with this, we conduct a credit check. However, we’ll also take into consideration your bank statements and assess your saving and spending habits. So, be rest assured that we’ll give you a fair go and take into account more than your credit score when assessing your application.

Can you apply for a Nifty loan on Centrelink payments?

Nifty is an inclusive lender and considers some Centrelink payments as a source of income, unlike some other credit providers. So, if you’re a Centrelink customer and need a fast loan, look no further than applying with Nifty to give you a fair go.  

No fuss, no paperwork. Just nifty loans.

Personal Loan Details

Loan Amounts $5,000 – $10,000
Loan Terms 9 – 24 months
Starting Interest Rate (APR) 11.42% (Excellent Credit)
Starting Comparison Rate 14.49% (Excellent Credit)
Ceiling Interest Rate (APR) 21.24% (Average Credit)
Ceiling Comparison Rate 45.56% (Average Credit)
Type of rate Fixed Rate
Repayment options Weekly, Fortnightly, Monthly
Monthly Fee $0
Early repayment fee $0
Average turnaround 60 minutes*
Loan Options Unsecured & secured options

Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $12,389.76. WARNING: This comparison rate is valid only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 14.49% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 11.42% (14.49% comparison rate) with a maximum of 21.24% (45.56% comparison rate). The minimum loan term is 9 months and the maximum loan term is 24 months. For more details and examples visit our rates and fees page.